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13:00
Jul 31 ◎

FRT FY2026 Q2 Watch

Federal Realty Investment Trust (FRT) FY2026 Q2 Earnings Call

M WMT TGT BASS AMC ▾

Dawn Wood

Macy's underperforming store is being replaced by Astro Shops at Grossmont, reflecting continued weakness in Macy's physical footprint.

"replacing an underperforming Macy's and adjacent small shop tenants with a national draw unlike most others"

M WATCH

Dawn Wood

Walmart is part of the anchor system at Grossmont, solidifying the center's position.

"With an anchor system comprised of Bass Pro, AMC, Walmart, and Target"

WMT WATCH

Dawn Wood

Target is part of the anchor system at Grossmont.

"With an anchor system comprised of Bass Pro, AMC, Walmart, and Target"

TGT WATCH

Dawn Wood

Bass Pro is an anchor at Grossmont, indicating commitment to larger footprint locations.

"With an anchor system comprised of Bass Pro, AMC, Walmart, and Target"

BASS WATCH

Dawn Wood

FRT is replacing an underperforming Macy's with a 161k sq ft Astro Shops and a 53k sq ft AMC at Grossmont, indicating a major re-merchandising push at this asset and continued expansion by both tenants in large-format retail. — This signals AMC's continued investment in large-format, state-of-the-art theaters and Astro Shops' aggressive growth, both at the expense of traditional department stores.

"We also signed a new 53,000 square foot deal with AMC at Grossmont for a new state-of-the-art theater where a shuttered smaller theater operator once was"

AMC WATCH

Dawn Wood

Management confidently raised full-year guidance, citing record leasing volume, strong occupancy gains, and a robust pipeline of acquisitions and redevelopments.

"Strong quarter. 7% year-over-year growth. 96% occupancy. Record leasing volume"

FRT WATCH

HIGH

13:00
May 01 ◎

FRT FY2026 Q1 Watch

Federal Realty Investment Trust (FRT) FY2026 Q1 Earnings Call

PNC UNKNOWN ATZ.TO FRT ▾

Don Woods

PNC Bank leased the last remaining office space at Santana West, validating demand for FRT's mixed-use office product and contributing to the asset being fully leased.

"with the signing of a lease with PNC Bank a couple of weeks ago, for the last remaining 11,000 square feet, Santana West is officially 100% leased."

PNC WATCH

Wendy Sears

Crate and Barrel, along with other full-price retailers, are outperforming at FRT centers, indicating strong high-end consumer spending and tenant health.

"full price and aspirational concepts like Crate and Barrel, Anthropology, Madewell, Aritzia, all of which continue to outperform in our centers."

UNKNOWN WATCH

Wendy Sears

Aritzia is outperforming at FRT centers, indicating healthy traffic and sales for this apparel brand in high-income trade areas.

"full price and aspirational concepts like Crate and Barrel, Anthropology, Madewell, Aritzia, all of which continue to outperform in our centers."

ATZ.TO WATCH

Dan Gugliamone

Management raised guidance for 2026, citing a strong first quarter, continued portfolio strength, and better-than-expected contributions from acquisitions and redevelopment. They expect continued occupancy growth and FFO acceleration through the year.

"We are raising guidance for both NERI and Core FFO to $746 to $755 per share. At the midpoint, this 3% to 4% increase represents 6.3% growth for core FFO when compared to 2025."

FRT WATCH

HIGH

22:00
Feb 12 ◎

FRT FY2025 Q4 Watch

Federal Realty Investment Trust (FRT) FY2025 Q4 Earnings Call

TCS FRT ▾

Dan Guglielmini

Container Store's 5 locations at FRT are all paying rent, providing confidence despite the company's broader struggles.

"The other thing that we keep an eye on is and we've talked about it as container store um you know both all five locations paying rent all five locations we feel good about"

TCS WATCH

Don Wood

Management's tone is clearly positive, with strong 2025 results and 2026 FFO growth guidance near 6% despite a 12-cent refinancing headwind, indicating robust operational momentum.

"Strong quarter, strong year, strong 2026 guidance. 6.4% bottom line FFO growth in the quarter, 4.3% for the year, and guidance close to 6% at the midpoint for 2026."

FRT WATCH

HIGH

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